I think low volume is not a concern here as you can see many nice rallies have been helped along by the lack of volume.
EOSUSD does have an opportunity to make a reversal here on the 50 MA of this 300 minute chart. Let's see if bullish traders will take advantage of this opportunity or maybe the bears will seize control at this juncture and drive it down to the next resistance level...
Should be a breakout very soon with this strong Stochastic RSI divergence. Bullish reversal Indicator.
120 chart on the left seems to be indicating that it has finished retracement and is ready to break out, in my opinion.
Here's a very simple 20/50 trend line analysis on the 12 hour chart. We are looking close to topping hey... Please note my revised target of 8200 and basing this on the fib chart where the puzzle pieces just seem to fit so nicely together. Just an opinion here guys, caution is advised.
Are these three converging trend lines potentially mapping out the retracement? Seems reasonable based on previous structures too is not unlikely...
The reason that I think BTCUSD will hold at 6800 range: 1: It's the 200 MA on the one hour chart. 2: It is the top side of our long term upper trend line that has established tops for the two previous waves and the thought is that this may now also provide support. 3. The 200 MA on the 5 hour chart that we have been using as our medium term bullish base will...
There are two targets there. One id for the 200 MA on the 1 hour chart and the other the 2 hour chart. I think the upper target should hold.
It's just a series of small wave lows. Nothing new and nothing to worry about. Good entry to add to you position if you have an extra cash laying around collecting dust... check through your old coat pockets in the closet... in the sofa... car... etc. lol... I'm learning here too... My re entry was pretty bad and I'm making some newbie mistakes but ultimately we...
So I realized this afternoon why my trend lines were not working out nicely and why the 200 MA was being crowded on the 30 MIN chart I posted this morning and the reason is that as you can see by comparing the two wave complexes, that the candles and wave structures are becoming bigger and so the easy solution was to switch to the 45 min chart to track the bullish...
EOSUSD continues to show bullish signals with a morning star doji and a bounce off the trend line with a higher low. For those of you more risk oriented I would say it's a buy but it does not hurt to wait a little longer to get in if you are playing the long game. We also want to check out indicators RSI and So on. I use Stochastic RSI and BB%B. That's about the...
We thought we had it made on EOS!!! What went wrong?... The 200 MA is coming downward too steeply and cannot turn around that quickly. It's like a big ship in the ocean and needs plenty of room to reverse. It is crushing the complex down, and means a little longer at the bottom. Good news for new buyers here to load up. Still long with bullish outlook.
Left side is the 240 chart showing an adjusted bullish blue trend line (Okay I was off a few degrees) and on the right side is what we've been waiting for... the golden crossover on the 8 hour chart woohoo...
Being asked about BCHUSD targets and it is difficult to nail down a top but as the structure of the complex unfolds it becomes more clear, kind of like if someone was painting a picture in front of you and as it gets closer to being finished it becomes more recognizable what it is. Ideally I would like to see three very similar looking bullish waves followed by a...
Bitcoin is very far up off of its bullish continuation trend line and is failing short term trend line support on the 45 min chart. Will it fail on the 2 hr? Seems likely to me... we need a correction on the complex back down below 7000 to bring in more buyers to push it to the 9200 target I have set. With out a medium sized correction here we will top out too...
Looking good for a nice landing on the 50 MA on the 5 min chart or 20 MA on the 15 min chart and gaining the support on the 200 MA
Channel target and fib target both calling for the 1.60 range
On the left chart is BCHUSD and shows a buy target area red circle and the blue trend line must hold for a bullish continuation (approximation) my trend line could be off a few degrees... On the right chart shows BTCUSD and sorry guys I missed anticipating the third wave rally yesterday and I should have seen that coming as it's always three waves as we know...